Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the
Faced with an aging fleet, the Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has turned to converted offshore support vessels (OSV) to breathe new life into its ferry operations.The operator announced its purchase of the OSVs HOS Shooting Star and HOS Lode Star from Hornbeck Offshore Services in 2022, to replace its open-deck freight vessels Gay Head and Katama
A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer.
The first commercial application of Volvo Penta’s IPS Professional Platform will power Northern Offshore Services’ next-gen crew transfer vessel. Longtime collaborators Volvo Penta and N-O-S aim to more than satisfy the unique requirements of a possible 25x increase in offshore wind production.
Washington State Ferries announced it has canceled the sale of two retired vessels after the buyer failed to meet its contractual obligations and left a tugboat crew abandoned in Puget Sound.Sold in August for $100,000 apiece, the decommissioned WSF ferries Elwha and Klahowya had been sold to Nelson Armas, who has gained approval from the U.S.
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation in the oil industry in decades.
A U.S. federal court has charged three men, including two Iranian brothers and a Pakistani national, for an attempt to smuggle Iranian weapons that would be used by Houthi rebels for attacks on maritime shipping.According to the court documents, Shahab Mir’kazei and Yunus Mir’kazei work for Iran’s Islamic Revolutionary Guard Corps, while Muhammad Pahlawan
Product and chemical tanker shipping company Ardmore Shipping Corporation on Monday announced that its current senior vice president and chief commercial officer Gernot Ruppelt will succeed company founder Anthony Gurnee as CEO.Gurnee will retire on September 16, 2024, at which point Ruppelt will step into the CEO position and current CFO Bart Kelleher will take on the additional role of
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer
Deliveries will begin in 2028 if all goes well. Delays and escalating costs have bedeviled the procurement process up until now.Washington State Ferries on Thursday published an invitation to bid on building five new hybrid-electric ferries, an overdue achievement that promises to eventually bring more reliability to cross-Sound ferry service.
A shortage of U.S. mariners presents a major threat to the United States’ national and economic security, and the problem is growing day by day.According to a 2017 study prepared by the Maritime Workforce Working Group and released by the U.S. Maritime Administration (MARAD), the estimated pool of U.S. mariners actively sailing with unlimited tonnage credentials was comprised of 11,768 mariners.
Columbia Group and Crowley are teaming up to enhance their ship management solutions, leveraging their expertise across the maritime, logistics and energy sectors.The alliance will enable customers to better capitalize on the capabilities of both organizations for more efficient and greater scale of international management services, the companies said